4.6 • 2.8K Ratings
🗓️ 7 March 2025
⏱️ 39 minutes
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0:30.3 | 401k mistakes that literally could cost you millions. |
0:38.7 | I am so excited to talk about this because we know that 401ks are one of the most powerful |
0:44.7 | tools in our financial tool belt. |
0:46.9 | And yet, there are folks out there making mistakes and making decisions that could literally |
0:52.4 | cost them millions. |
0:54.4 | And so we want to bring them to light today and tell you how to avoid it and how to do it better. |
0:58.3 | Yeah, don't listen. |
0:59.3 | We do so many TikTok reacts and others that people are trying to sell you bad products. |
1:04.4 | How could you not love a 401K? |
1:06.3 | These things are tax advantage. |
1:08.0 | They got free money. |
1:09.5 | These things are wealth-building machines. |
1:11.6 | So we're not just talking about 401ks, although that's where we predominantly see these mistakes. |
1:16.1 | We're also talking about any type of employer-sponsored retirement plan. So it might be a 401K, a |
1:21.0 | 4-3B, a 4-57. Some of these mistakes are even made inside of those accounts. So if you work for an employer and |
1:28.9 | if you have a retirement plan available to you, make sure you listen up because we are talking |
1:34.8 | to you. Yeah. So let's actually jump into these five mistakes that we see people turn, |
1:40.1 | something that can be one of the most powerful tools in your wealth building machine, |
1:44.4 | and you fall off and fall into one of these traps. |
1:47.2 | And the first one that we see people fall into is just not even contributing or participating |
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